FORM NL-23

Reinsurance Risk Concentration

Insurer General Insurance Corporation Of India

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Agriculture RI

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

6

 

 8,366.90

 

14.86%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

48

 7,848.84

 33,564.35

 

73.56%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

9

 

 4,786.39

 

8.50%

5

Reinsurer's with rating less than BBB

3

 

 224.60

 

0.40%

6

Govt. Companies (Domestic & Foreign)

5

 

 1,506.01

 

2.68%

7

Pools

     

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

71

 7,848.84

 48,448.25

 

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

    

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Aviation

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

2

 -13.48

 315.79

 -

5.96%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

20

 -

 4,409.63

 -

86.89%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

5

 -

 67.89

 -

1.34%

5

Reinsurer's with rating less than BBB

3

 -

 38.47

 -

0.76%

6

Govt. Companies (Domestic & Foreign)

2

 228.49

 -

 -

4.50%

7

Pools

1

 -

 28.21

 -

0.56%

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

 33

 215.01

 4,859.99

 -

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme -  Credit Re

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

  

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

  

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

  

5

Reinsurer's with rating less than BBB

  

6

Govt. Companies (Domestic & Foreign)

  

7

Pools

  

8

Other Domestic Cos. (Pvt. Domestic Cos.)

  
 

Total

  

 -

  

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme -  Energy

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

  

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

  

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

  

5

Reinsurer's with rating less than BBB

  

6

Govt. Companies (Domestic & Foreign)

  

7

Pools

  

8

Other Domestic Cos. (Pvt. Domestic Cos.)

  
 

Total

  

 -

  

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Engineering Spec Retro(Global Treaties)

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

1

 13.57

  

0.53%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

9

 2,559.76

  

99.47%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

     

5

Reinsurer's with rating less than BBB

     

6

Govt. Companies (Domestic & Foreign)

     

7

Pools

     

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

10

2573.33

  

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Fire Domestic

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

3

1651.91

-4.63

-274.60

21.41%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

37

5063.97

-179.10

228.37

79.76%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

11

28.98

-2.49

-371.58

-5.38%

5

Reinsurer's with rating less than BBB

 

 

 

 

 

6

Govt. Companies (Domestic & Foreign)

3

  

390.60

6.09%

7

Pools

1

 

105.56

 

1.65%

8

Other Domestic Cos. (Pvt. Domestic Cos.)

12

  

-226.53

-3.53%

 

Total

67

6744.86

-80.67

-253.73

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

 

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Health

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

 NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

  

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

  

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

  

5

Reinsurer's with rating less than BBB

  

6

Govt. Companies (Domestic & Foreign)

  

7

Pools

  

8

Other Domestic Cos. (Pvt. Domestic Cos.)

  
 

Total

  

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme -  Indian Market Terrorism Risk Insurance Pool XOL Program 2020-21

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

     

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

15

 

433.60

 

41.01%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

7

 

91.69

 

8.67%

5

Reinsurer's with rating less than BBB

1

 

7.71

 

0.73%

6

Govt. Companies (Domestic & Foreign)

7

 

284.56

 

26.91%

7

Pools

1

 

12.85

 

1.22%

8

Other Domestic Cos. (Pvt. Domestic Cos.)

12

 

226.92

 

21.46%

 

Total

43

 

 1,057.32

 

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Liability

 (Rs. In Lakhs)

  

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

 Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

  

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

  

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

  

5

Reinsurer's with rating less than BBB

  

6

Govt. Companies (Domestic & Foreign)

  

7

Pools

  

8

Other Domestic Cos. (Pvt. Domestic Cos.)

  
 

Total

  

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Life Re - Proportional

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

     

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

1

 945.30

  

50.00%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

     

5

Reinsurer's with rating less than BBB

     

6

Govt. Companies (Domestic & Foreign)

     

7

Pools

     

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

1

 945.30

  

50.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

 

(Premium information is extracted from system)

       

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Marine Cargo and Hull

 (Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

 Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

  

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

  

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

  

5

Reinsurer's with rating less than BBB

  

6

Govt. Companies (Domestic & Foreign)

  

7

Pools

  

8

Other Domestic Cos. (Pvt. Domestic Cos.)

  
 

Total

  

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Miscellaneous

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

  

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

  

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

  

5

Reinsurer's with rating less than BBB

  

6

Govt. Companies (Domestic & Foreign)

  

7

Pools

  

8

Other Domestic Cos. (Pvt. Domestic Cos.)

  
 

Total

  

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Non Marine Domestic Programme

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

4

 

 12,003.96

 

41.82%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

50

 

 12,073.74

 

42.06%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

23

 

 3,896.62

 

13.57%

5

Reinsurer's with rating less than BBB

7

 

 477.91

 

1.66%

6

Govt. Companies (Domestic & Foreign)

2

 

 58.49

 

0.20%

7

Pools

1

 

 194.11

 

0.68%

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

87

 

 28,704.82

 

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

Periodic Disclosures

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Non Marine Foreign Programme

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

3

 

 1,322.97

 

7.02%

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

21

 

13380.01

 

71.00%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

9

 

2823.53

 

14.98%

5

Reinsurer's with rating less than BBB

5

 

746.13

 

3.96%

6

Govt. Companies (Domestic & Foreign)

4

 

571.38

 

3.03%

7

Pools

     

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

42

 

 18,844.02

 

100.00%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - Nuclear Pool

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

 

NIL

 

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

  

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

  

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

  

5

Reinsurer's with rating less than BBB

  

6

Govt. Companies (Domestic & Foreign)

  

7

Pools

  

8

Other Domestic Cos. (Pvt. Domestic Cos.)

  
 

Total

  

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

       

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme -Property Foreign

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

     

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

     

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

1

 

3.66

 

100.00%

5

Reinsurer's with rating less than BBB

     

6

Govt. Companies (Domestic & Foreign)

     

7

Pools

     

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

1

 

3.66

 

100%

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)

**  Note Amount pertains to reinstatement premium booked

       

FORM NL-23

Reinsurance Risk Concentration

Insurer

General Insurance Corporation Of India

 

Date- 01.07.2020  to 30.09.2020

Name of the RI Programme - GIC Synd 1947 International retro (57628) & Hannover K Quota  (42736)

(Rs. In Lakhs)

 

S.No

Reinsurance Placement

No. of Reinsurers

Premium Ceded to Reinsurers (INR Lakhs)

Premium Ceded to Reinsurers (%)

Proportional

Non-Proportional

Facultative

1

Reinsurer's with rating of AAA

     

2

Reinsurer's with rating of AA but less than AAA (ie. all RI's with rating AA+ and AA)

     

3

Reinsurer's with rating of A but less than AA (ie. all RI's with rating AA-, A+ and A)

1

5.1

-

-

20.00%

4

Reinsurers with rating BBB but less than A (ie. all RI's with rating A-, BBB+ and BBB)

     

5

Reinsurer's with rating less than BBB

     

6

Govt. Companies (Domestic & Foreign)

2

 2,537.16

-

-

29.56%

7

Pools

     

8

Other Domestic Cos. (Pvt. Domestic Cos.)

     
 

Total

     

(Kindly note that all Ratings are as per S&P's Financial Strength Rating Scale)

(Premium information is extracted from system)